I am filing form I864 for my spouse's adjustment of status. Since my annual income doesn't meet the 125% above the poverty level requirements, I need to use the balance in our joint checking account to cover this. Since this is a joint account , do I use it as my asset or spouse's asset? My spouse works but is temporary in nature, so I wouldn't be able to prove that he will continue the same employment after AOS, so instead wanted to use the cash asset. Any suggestions are greatly appreciated.
I agree with Mr. Behar except that he is not correct about how much assets are needed in your case. Since you are sponsoring a spouse, its less. Here is what the U.S. State Department says about using assets to overcome a shortage of income --
What Cash Value of Assets is Needed?
The total net value of assets, less liens and liabilities against them, must equal five times the difference between the sponsor's income and 125% of the poverty level for the household size
Sponsors of spouses and children of U.S. citizens must only prove assets valued at three times the difference between the poverty guideline and actual household income.
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